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← TEXAS ASSOCIATION OF COMMUNITY DEVELOPMENT CORPORATIONS

Form 990 for tax year 2023

Filed by TEXAS ASSOCIATION OF COMMUNITY DEVELOPMENT CORPORATIONS.

Totals

Total revenue
$675,404
Total expenses
$763,065
Contributions and grants received
$298,462
Grants paid
$0
Program service revenue
$374,757
Investment income
$487
Other revenue
$1,698
Total assets, end of year
$739,309
Total liabilities, end of year
$46,346
Net assets or fund balances, end of year
$692,963
Program services expenses (Part IX)
$708,736
Management and general expenses
$54,329
Fundraising expenses
$0
Program service expenses (Part III)
$708,736

Program services were 92.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $298,462

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $141,295 · related or exempt $141,295

  • 2b · Program service revenue: SMALL DOLLAR LOAN PROGRAM

    total $123,807 · related or exempt $123,807

  • 2c · Program service revenue: CONFERENCE REVENUES

    total $87,910 · related or exempt $87,910

  • 2d · Program service revenue: SUMMIT REVENUE

    total $10,290 · related or exempt $10,290

  • 2e · Program service revenue: FEES FOR SERVICES RENDERED

    total $7,955 · related or exempt $7,955

  • 2f · All other program service revenue

    total $3,500 · related or exempt $3,500

  • 3 · Investment income

    total $487 · excluded $487

  • 11a · Other revenue: OTHER INCOME

    total $1,698 · related or exempt $1,698

  • 11e · Other revenue, total

    $1,698

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $121,389 · program services $107,458 · management and general $13,931

  • 7 · Other salaries and wages

    total $185,749 · program services $164,432 · management and general $21,317

  • 8 · Pension plan contributions

    total $2,792 · program services $2,432 · management and general $360

  • 10 · Payroll taxes

    total $33,763 · program services $30,388 · management and general $3,375

  • 11g · Fees: other

    total $153,343 · program services $150,592 · management and general $2,751

  • 13 · Office expenses

    total $15,705 · program services $13,614 · management and general $2,091

  • 16 · Occupancy

    total $22,000 · program services $19,800 · management and general $2,200

  • 17 · Travel

    total $4,619 · program services $3,929 · management and general $690

  • 19 · Conferences, conventions and meetings

    total $57,352 · program services $56,684 · management and general $668

  • 20 · Interest

    total $17 · program services $13 · management and general $4

  • 22 · Depreciation, depletion and amortization

    total $1,453 · program services $1,308 · management and general $145

  • 23 · Insurance

    total $12,842 · program services $10,017 · management and general $2,825

  • 24a · Other expenses: FISCAL AGENT EXPENSES

    total $134,248 · program services $134,248

  • 24b · Other expenses: SUBSCRIPTIONS

    total $13,038 · program services $10,200 · management and general $2,838

  • 24c · Other expenses: EQUIPMENT RENTAL

    total $4,403 · program services $3,435 · management and general $968

  • 24d · Other expenses: MISCELLANEOUS

    total $231 · program services $186 · management and general $45

  • 24e · All other expenses

    total $121 · management and general $121

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $799,580 · end of year $716,096

  • 3 · Pledges and grants receivable

    beginning of year $3,000 · end of year $3,000

  • 4 · Accounts receivable

    beginning of year $2,905 · end of year $17,004

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,634 · end of year $1,634

  • 10a · Land, buildings and equipment: cost or other basis

    $33,837

  • 10b · Land, buildings and equipment: accumulated depreciation

    $33,837

  • 10c · Land, buildings and equipment, net

    beginning of year $1,453

  • 15 · Other assets

    beginning of year $1,575 · end of year $1,575

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,968 · end of year $12,165

  • 19 · Deferred revenue

    beginning of year $2,225 · end of year $2,600

  • 25 · Other liabilities

    beginning of year $17,330 · end of year $31,581

  • 27 · Net assets without donor restrictions

    beginning of year $111,557 · end of year $466,481

  • 28 · Net assets with donor restrictions

    beginning of year $669,067 · end of year $226,482

Mission and programs · 2023

Mission

PROMOTE COMMUNITY DEVELOPMENT AND LOW-INCOME HOUSING.

  • ORGANIZING SUPPORT FOR ORGANIZATIONS PROVIDING DECENT, SAFE AND AFFORDABLE HOUSING AND ECONOMIC DEVELOPMENT FOR MODERATE, LOW AND VERY LOW INCOME INDIVIDUALS AND FAMILIES IN TEXAS THROUGH MOBILIZATION OF COMMUNITY DEVELOPMENT EFFORTS.

    Expenses $708,736 · Revenue $374,757

As filed on the 2023 return.

Listed in Part VII

  • Matthew Hull

    EXECUTIVE DI

    Total calculated
    $121,389
    From this org
    $116,720
    From related orgs
    $0
    Other
    $4,669
    Hours/week
    40

  • Mike Nguyen

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Paul Turney

    PAST PRESIDE

    Total calculated
    $0
    Hours/week
    2

  • Fernando Godinez

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    2

  • Joyce McDonald

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Tamara Foster

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Mannaser Marshall

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Myra Martinez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Vivian Ballou

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Benny Rodriguez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Alonzo Villareal

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Charles Price

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jacque Haas Woodring

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Stephanie Hamby

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bill Schlesinger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • James Armstrong III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
24 June 2024
IRS schema version
2023v5.0
Source object
202441769349301609

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